CIL invites global bids to set up coal to methanol project

Coal India Limited (CIL) has floated a global tender for setting up the country’s first coal to methanol plant in West Bengal at an investment of Rs 60 billion. …

CIL is in talks with Indian Oil Corporation and other government-owned oil companies for long-term tie up for marketing of the methanol. The project envisaged to be set up through a surface coal gasification route will be based on the build-own-operate (BOO) model. Through the tender, CIL proposes to select the BOO operator for the life span of the plant, which is expected to be 25 years.

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